Tried my first case for this module this morning. It did not go well, though I didn't really expect it to. I never do well on my first practice case. The case is now 4 hours long, up from 3 for the previous modules. And now we have to take on the perspective of a controller, rather than an auditor as in past cases. It was tough. I finished reading it through, put together my outline, and then thought, Huh, now where do I need to begin? And then I did stuff in the wrong order.
But that's the point of practice, and next time I will have a better idea of where to start, and how to work through the information. I only wish I didn't have to hand this in. I want to attach a note.
Dear Sir, this was my first case. I know now that I should have addressed the fraud before calculating the tax provision and the bank financing. I also realized where the information was that I needed to calculate the finished goods inventory. Also, it was a bit breezy on the deck and I had to move into the kitchen part way through; next time I will practice inside.Posted by Sarah at August 16, 2005 08:22 PM
Sincerely, Sarah.
I wonder if he'll listen to your very, very good reasons........ it's nice to see you posting again once in a while. Erika is singing Jingle Bells right now instead of sleeping...... go figure.
Posted by: Uli at August 17, 2005 12:37 AM